MAY DAY ADDRESS: HH discourages hand to mouth, urges workers to invest

Filed under: Business,Latest News |

President Hakainde Hichilema has urged Zambians not to demonise investments saying Zambia’s economy will only grow more when citizens invest into the local economy.

He says there is no need to demonise entrepreneurship if the country is seeking economic prosperity.

The President has since encouraged workers to find time and invest in other areas outside their professional interests like agriculture and ranching.

He says in the process, they will have to exercise patience and see their investments come to fruition.

President Hichilema was speaking during this year’s Labour Day celebrations in Lusaka under the theme “Accelerating Social-Economic Transformation through Sustainable and Decent Job Creation amidst COVID-19.”

Meanwhile, the Head of State said government is working at reforming the pension system.

He said one of the reforms is to ensure money for pensioners is not abused.

President Hichilema said the trend by some Pension Houses to buy land from friends or politicians at high value using pensioners’ money should come to an end.

He said if these reforms are not implemented by the Minister of labour, government may legislate.

President Hichilema has further assured workers that the UPND Administration is still standing by its promise for workers to access their pension funds before they retire.

And Labour and Social Security Minister Brenda Tambatamba said the ministry is constantly looking for ways to motivate and retain workers in order to sustain productivity.

Tambatamba said the ministry is also working towards the formulation of a Statutory Instrument that will look at sector based minimum wages for media, agriculture and mining sectors.

She said her ministry is further reviewing the labour laws to make them responsive to the market trends.

President of the Zambia Federation of Employers -ZFE- Myra Ngoma commended Government for launching the Public Private Dialogue Forum for development saying it will unlock the country’s economic development through job creation.

Ngoma also thanked President Hichilema for assuring the nation that his Government is working at addressing the high cost of living.

And Zambia Congress of Trade Unions -ZCTU- president Chishimba Nkole urged Government to come up with strategies that will improve the welfare of the workers.

He also called on Government to consider a complete amendment of the National Health Insurance Act so that it can improve the quality of health care to all Zambians.

Nkole however commended Government for shifting the health insurance scheme from the Ministry of Health to Labour.

Meanwhile International Labour Organization -ILO- Director Country office GEORGE OKUTHO has called on Zambia to implement recovery strategies that prioritize full employment and support for sustainable enterprises. ZNBC


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.